Listen in as the best traders you've never heard of explain step-by-step how they find great trades.
No theory - no gurus - just straight talk from traders who make money in the markets.
Just 4 of the interviews we recently recorded: ( see all of them here)
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Using Market Profile in Trading To Find Good Setups
Specs: 36 mins, 08 secs | 16.6 MB | | |
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Market Profile is a powerful way to look at the market and get clues as to where the market momentum is headed and also get confirmation that a move other indicators have signaled is valid. Our interviewee for this episode is an expert in Market Profile and explains how he uses it on a daily basis in his trading. In combination with volume charts and tick charts, he uses market profile tools to get an incredibly accurate read on the markets. In the interview he discusses the software he uses to chart market profile, the ways he scans the market for "value" and how he specifically used Market Profile recently to spot a great trade in Apple (AAPL). This interview is one of the best explanations of Market Profile you'll hear - from a trader who uses it regularly to make his living in the markets.
Markets discussed: Stocks
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Using Time, Price and Patterns To Find 3-4 Good Trades Per Day
Specs: 37 mins, 32 secs | 17.3 MB | | |
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Most of the successful traders I have interviewed are able to explain their strategy in less than a minute. The simple strategies seem to be the most effective. Today's interview is no exception. Matt looks for three things in his trades: the confluence of time, price and pattern. When a pattern such as a bear or bull flag or pennant appears at an important Fibonacci level and at the right time of the trading day, this full-time trader pounces. In our discussion, Matt talks about the time frames he follows, why he uses specific tick charts to pinpoint his entries and how he sets his stops and profit targets. We also talk about why "zones of price" are so important to his ability to find good trades. We also discuss the unique way he held himself accountable during his early days as a full-time trader and how it helped him overcome the pressure of trading for a living early on.
Markets traded and discussed: E-Mini futures (ES)
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Using Neural Networks To Spot Good Trades and Automate Your System
Specs: 34 mins, 11 secs | 15.7 MB | | |
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I receive quite a few requests for interviews with traders who have automated their strategies. Today's interview is with a trader who has gone a step further and not only automated his signals, but uses software that actually learns. Neural net software has been around for a long time, but only in recent years has become more popular with retail traders. In this discussion, David talks about how he looks for momentum reversals and bullish Gartley patterns using neural network software. Specifically he talks about the probabilities he looks for in good automated trading systems and the critical things you must be aware of before implementing an automated system. David also mentions the tools he uses to build his neural networks and specifically the 3-period pivot pattern that is his bread-and-butter trade. Even if you don't intend to automate your trading or use a neural network to spot signals, it's an interview every trader should listen to so you know what those traders are doing that may be taking the other side of your discretionary trade.
Markets discussed: Stocks and Forex
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Short-term Trading with Bollinger Bands and Candlestick Charts
Specs: 31 mins, 38 secs | 14.6 MB | | |
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The trader I speak with for this interview talks about "mini-pups", "wiggles", "daily hammers" and "shooting stars." The terminology may be fast and furious, but he explains what he means by each as we talk. Jay uses simple Bollinger Bands and moving averages along with candlestick charts to spot "perfect storm" trades where multiple time frames are pointing in the same direction. He explains exactly what to look for and how he uses a single computer monitor to trade for a living. At a time when many traders think more is better (more monitors, more indicators and more complexity), it's refreshing to hear how one trader still uses simple tools and technology to find great trades every day. Jay also mentions the one tool he uses for scanning but admits that he still flips through many charts on the weekends to find the stocks he will be watching for the coming week. The tools Jay uses are available to anyone and we talk about how he gets the most out of them to find profitable setups.
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